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Global Automotive Automatic Tire Inflation System (ATIS) Market to Grow at a CAGR of 29.2% by 2021 - Use of ATIS is Leading to a Reduction in Maintenance Cost - Research and Markets

DUBLIN, April 25, 2017 /PRNewswire/ --

Dublin - Research and Markets has announced the addition of the "Global Automotive Automatic Tire Inflation System (ATIS) Market 2017-2021" report to their offering.

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The global automotive automatic tire inflation system market to grow at a CAGR of 29.2% during the period 2017-2021.

The report, Global Automotive Automatic Tire Inflation System Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the Key vendors operating in this market.

The latest trend gaining momentum in the market is integration of telematics with ATIS. Tire pressure systems like TPMS and ATIS alert the driver by turning on the warning lights. In TPMS, the warning lights are switched ON whenever the system detects pressure drop from a pre-set level. In ATIS, the warning lights are turned on to indicate that the automatic tire inflation process is on-going. But most times, such warning alerts are either ignored or misinterpreted by drivers reducing the efficiency of the system, declining the payback amount for fleet operators.

According to the report, one of the major drivers for this market is use of ATIS leading to reduction of maintenance cost. ATIS continuously monitor tire pressure and automatically inflate the tires whenever the pressure level change from pre-set level. The tire fitted with ATIS system can increase the fuel efficiency up to 1.4% on an average, depending upon the duration of travel and vehicle type. Considering current fuel costs of $3- $10 per gallon in the US, Europe, and China), a minimum of $900 is saved for a 1,00,000-mile drive, especially for fleet operators of commercial vehicles, which are primarily used for long haul operations

Key vendors

  • CODA Development
  • Good Year
  • Meritor

Other prominent vendors

  • Aperia Technologies
  • Bridgestone
  • Continental
  • Hankook Tire
  • Pirelli

Key Topics Covered:

PART 01: Executive summary

PART 02: Scope of the report

PART 03: Research Methodology

PART 04: Introduction

PART 05: Market landscape

PART 06: Geographical segmentation

PART 07: Decision framework

PART 08: Drivers and challenges

PART 09: Market trends

PART 10: Vendor landscape

PART 11: Key vendor analysis

PART 12: Appendix

For more information about this report visit http://www.researchandmarkets.com/research/9xx8xb/global_automotive

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To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/global-automotive-automatic-tire-inflation-system-atis-market-to-grow-at-a-cagr-of-292-by-2021---use-of-atis-is-leading-to-a-reduction-in-maintenance-cost---research-and-markets-300444922.html